The services confidence indicator in the Euro Area picked up to -17.1 in February 2021, up from -17.7 in the previous month and above market expectations of -18.1, driven by managers’ more positive assessment of the past business situation and improved demand expectations. Meanwhile, firms' assessment of past demand remained virtually unchanged compared to January. source: European Commission

Services Sentiment in the Euro Area averaged 9.08 from 1996 until 2021, reaching an all time high of 35 in June of 1998 and a record low of -43.50 in May of 2020. This page provides - Euro Area Services Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Services Sentiment - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Services Sentiment in Euro Area is expected to be -8.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Sentiment in Euro Area to stand at -3.00 in 12 months time. In the long-term, the Euro Area Services Sentiment is projected to trend around 2.00 in 2022, according to our econometric models.

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Euro Area Services Sentiment

Actual Previous Highest Lowest Dates Unit Frequency
-17.10 -17.70 35.00 -43.50 1996 - 2021 Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-27 10:00 AM Nov -17.3 -12.1 -15.5 -14.2
2021-01-07 10:00 AM Dec -17.4 -17.1 -15 -16
2021-01-28 10:00 AM Jan -17.8 -17.1 -18.8 -18
2021-02-25 10:00 AM Feb -17.1 -17.7 -18.1 -18.7
2021-03-30 09:00 AM Mar -17.1 -12
2021-04-29 09:00 AM Apr -2
2021-05-28 09:00 AM May 5.1
2021-06-29 09:00 AM Jun


News Stream
Eurozone Services Sentiment Unexpectedly Improves
The services confidence indicator in the Euro Area picked up to -17.1 in February 2021, up from -17.7 in the previous month and above market expectations of -18.1, driven by managers’ more positive assessment of the past business situation and improved demand expectations. Meanwhile, firms' assessment of past demand remained virtually unchanged compared to January.
2021-02-25
Eurozone Services Sentiment Weakens Less than Expected
The services confidence indicator in the Euro Area went down 0.7 points to a six-month low of -17.8 in January of 2021, above market expectations of -18.8, due to worsened assessments of the past business situation and, to a lesser extent, past and expected demand.
2021-01-28
Eurozone Services Sentiment Unexpectedly Falls
The services confidence indicator in the Euro Area declined 0.3 points to -17.4 in December 2020, well below market expectations of -15.0, due to more negative views on the past business situation and past demand being almost fully offset by a sharp recovery in managers' demand expectations.
2021-01-07
Eurozone Services Sentiment Weakens More than Expected
The services confidence indicator in the Euro Area tumbled by 5.2 points from the previous month to a four-month low of -17.3 in November 2020, well below market expectations of -15.5, as new lockdowns were imposed across the region to curb the rapid spread of the pandemic. All components of the indicator deteriorated, notably managers’ views on the past business situation, past demand and, most so, expected demand.
2020-11-27

Euro Area Services Sentiment
In the Euro Area, Services Sentiment measures the confidence level among service providers and accounts for 30 percent of the Economic Sentiment Indicator.